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Bitcoin and Altcoins Start Corrective Decrease
12.8.2020
As discussed yesterday, bitcoin price started a downside correction below the USD 11,800 level. BTC even broke the key USD 11,500 support level. It is currently (08:30 UTC) down over 2% and it seems like there are chances of more losses towards the USD 11,200 and USD 11,000 levels.
Also, many major...
Bitcoin and Altcoins Showing Signs of Downside Correction
11.8.2020
Bitcoin Breaks USD 12,000, Altcoins Could Start a Fresh Surge
10.8.2020
In the past few sessions, bitcoin mostly traded in a range above the USD 11,500 support. Finally, BTC gained bullish momentum above the USD 11,650 and USD 11,800 resistance levels. More importantly, it broke the USD 12,000 barrier and it is currently (08:30 UTC) consolidating gains.
Conversely...
Chainlink Price Jumped More Than 45% in 48 Hours and 440% in Twelve Months
10.8.2020
Chainlink’s token surged more than 45% from $9.53 to $14.09 between Friday and Sunday data shows. The surge saw chainlink’s (LINK) market capitalization shooting to $5.12 billion which makes it the sixth most capitalized token, just ahead of cardano (ADA). At the time of writing...
Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America
8.8.2020
On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S....
North Korea Reportedly Using Altcoins to Convert $1.5B in Stolen Funds to Cash
7.8.2020
North Korean hackers are reportedly using untraceable altcoins to convert stolen cryptocurrencies into cash
Bitcoin Cash Outperforms Bitcoin, Ethereum; Altcoins Move Higher
7.8.2020
On a day with mostly green numbers in the crypto market, bitcoin cash (BCH) surged strongly, far outperforming both bitcoin (BTC) and ethereum (ETH) over the past 24 hours. Meanwhile, smaller altcoins DASH and LEND also stood out with strong performance overnight.
Total market...
Altcoins Account for One Third of Total Crypto Mining Power Usage
7.8.2020
An analysis of the 20 largest crypto assets by market cap determined that Bitcoin mining accounted for only 66% of total power consumption
Bitcoin Breaks Higher, Outperforms Major Altcoins
6.8.2020
Bitcoin (BTC) is leading the rally higher today on what has been a strong day for the broader crypto market so far, with the uptrend for ethereum (ETH) also holding up despite a mixed picture among other altcoins.
As noted in yesterday’s market watch, a daily close above the USD 11,500 level...
Bitcoin and Altcoins Continue to Fail Near Major Range Highs
5.8.2020
Bitcoin price is holding the USD 11,000 and USD 11,050 support levels. BTC is currently (08:30 UTC) trading above USD 11,200, but it is facing many hurdles near USD 11,400 and USD 11,450. A clear break above USD 11,400, followed by a close above USD 11,500 could open the doors for more...
Ripple Says Over-The-Counter XRP Sales Soared 1,700% to $33 Million in Q2
5.8.2020
Ripple has reported that over-the-counter sales of its XRP digital currency soared 1,760% to $32.55 million during the second quarter of this year. That figure compares with sales of $1.75 million posted the previous quarter, according to an earnings release published August 3. Ripple said...
Bitcoin and Altcoins Signaling Fresh Rally
4.8.2020
Bitcoin price is forming a strong support base above the USD 11,000 level. BTC is rising steadily and it is currently (08:30 UTC) trading above USD 11,200. If there is a clear break above USD 11,450, the price might accelerate higher towards the USD 12,000.
Similarly, most major altcoins are moving...
Market Wrap: Bitcoin Rebounds to $11,400 After Flash Crash as Ether Closes In on $400
3.8.2020
Bitcoin is gaining back what it lost and ether’s upward run seems undeterred as the crypto market recovers from a flash crash on Sunday
Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days
3.8.2020
Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled...
Bitcoin and Altcoins Remain In Uptrend Despite Setbacks
3.8.2020
This past week, there was a significant upward move in bitcoin price above the USD 11,000 and USD 11,500 resistance levels. BTC even spiked above USD 12,000 before correcting lower sharply. It is currently (08:30 UTC) trading above the USD 11,000 level and it seems like the bulls are aiming...
Bitcoin and Altcoins Start Fresh Increase, Ethereum Outperforms
31.7.2020
Bitcoin price remained stable above the USD 10,800 support and recently started a steady rise. BTC surpassed the USD 11,050 level and it is currently (08:30 UTC) trading near USD 11,100. The main hurdle on the upside is still USD 11,250, above which the bulls might aim at a new multi-week high...
Tether Prints $300 Million, While XRP Reclaims Third Spot
30.7.2020
Tether Ltd printed a total of USDT 300 million Wednesday and this brought the total coins created to 540 million in the last three days alone. The latest USDT printing will see the top stablecoin’s market capitalization significantly passing the $10 billion mark. Responding to a whale alert...
Bitcoin and Altcoins Consolidate Above Key Uptrend Supports
30.7.2020
Bitcoin price remained below the USD 11,250 and USD 11,400 resistance levels. BTC is currently (08:30 UTC) correcting lower and it is struggling to stay above USD 11,000. It seems like the price might continue to move down and it could even retest the USD 10,550 support zone.
Similarly, most major...
Bitcoin, Ethereum and Major Altcoins Target Additional Gains
29.7.2020
Bitcoin price started a downside correction after tagging the USD 11,400 level. BTC remained well bid near USD 10,800 and it is currently (08:30 UTC) trading above USD 11,000.
Similarly, most major altcoins are trading in a positive zone, including ethereum, XRP, litecoin, bitcoin cash, BNB,...
Bitcoin Correcting Gains, Major Altcoins Look Bullish
28.7.2020
Bitcoin price started a strong increase above the USD 10,000 level. BTC broke a crucial resistance near USD 10,500 and it even rallied above USD 11,000. The price traded to a new monthly high close to USD 11,400 and it is currently (08:30 UTC) correcting below USD 11,000.
Most major altcoins also...